DMG Case Study — Neurome, Inc.

Neurome, Inc. conducted genetic research in neurodegenerative diseases. It has additional subsidiaries in the form of Neurome Newco Ltd., which was a Bermuda joint venture with Eli Lilly.

Business Problem:

Diablo Management Group (DMG) was retained in 2006 to manage a orderly wind-down of company operations, manage the sale of fixed and IP assets, settle outstanding financial and legal obligations and conduct the liquidation of the Bermuda joint venture.

DMG Focus:

Manage all facility operations and the orderly wind-down of company operations

Comply with environmental and government regulations throughout the process

Sell the company's fixed assets

Conduct creditor settlement negotiations

Results:

Successfully completed operational wind-down

Sold IP to a buyer who continues with promising research (this research may lead to a future return to the estate)